Extreme Networks says Q2 outlook reflects industry channel digestion

CEO Ed Meyercord stated: “Our revised second fiscal quarter outlook reflects industry headwinds of channel digestion and elongated sales cycles. In late Q2, we saw multiple large deals pushing out to future quarters. We remain confident in our long-term strategy and our ability to achieve double-digit long-term revenue and EPS growth supported by competitive customer wins and the growth in our opportunity funnel. In addition, we’ve made significant progress advancing our strategic initiatives to launch our managed services commercial platform and unique subscription offering to large service providers.”